1.The marginal propensity to consume in this economy is2.The equilibrium level of output in this economy is Fill in the table below to answer the next five questions. Assume that IP, G and NX are fixed.Real GDP (Y)5000600070008000900010000a 0.90bCdConsumption (C)The marginal propensity to consume in this economy is0.50Question 36Homework Unanswered Due Today, 11:00 AM0.750.80Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.mwww.mmes652073208120KRONAUTthe sulle muceTontonQuestion 37CPlanned Investmentmomme Fille(Up)hallgUnanswered 1 attempt left1000GovernmentExpenditures (G)230Net Exports (NX)450Aggregate Expenditures(AE)Change inInventoriesSubmit

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1.The marginal propensity to consume in this economy is 2.The equilibrium level of output in this economy is

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Question

1.The marginal propensity to consume in this economy is

2.The equilibrium level of output in this economy is

Fill in the table below to answer the next five questions. Assume that IP, G and NX are fixed.
Real GDP (Y)
5000
6000
7000
8000
9000
10000
a 0.90
b
C
d
Consumption (C)
The marginal propensity to consume in this economy is
0.50
Question 36
Homework Unanswered Due Today, 11:00 AM
0.75
0.80
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
mwww.mmes
6520
7320
8120
KRONAUT
the sulle muce
Tonton
Question 37
C
Planned Investment
momme Fille
(Up)
hallg
Unanswered 1 attempt left
1000
Government
Expenditures (G)
230
Net Exports (NX)
450
Aggregate Expenditures
(AE)
Change in
Inventories
Submit

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Income and consumption changes for five people are shown in the table. Given this information, rank the marginal propensities to consume (MPC) for the five people from largest to smallest. Largest MPC to Smallest MPC Answer Bank Colin Barry Al Dan Ernest Name Income change Consumption change Al +$10,000+$10,000 +$6,000+$6,000 Barry +$5,000+$5,000 +$1,600+$1,600 Colin +$2,000+$2,000 +$1,600+$1,600 Dan −$5,000−$5,000 −$3,500−$3,500 Ernest −$10,000−$10,000 −$4,000−$4,000
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Can you help me with this question? 1
A) What is the value of the marginal propensity to consume? ( Round your answers to one decimal place). What is the value of the marginal propensity to save? B) What is the break-even level of income in the table? (Enter your answer as a whole number) What is the term that economists use for the saving situation shown at the $ 240 level of income. C) For each of the following items, indicate wheter the value in the table is either constant or variable as income changes: The MPS is (constant/ variable) as income changes. The APC is ( constant/ variable) as income changes. The MPC is ( constant/ variable) as income changes. The APS is (constant/ variable) as income chnages.
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